GMAC starts 0% financing loans now that they have access to TARP

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On Tuesday GM announced new reduced rate financing as low as 0% APR for up to 60 months on select new cars and trucks. The reduced rate financing is available to qualified buyers today through January 5, 2009 on many 2008 and select 2009 model year vehicles. Many of these vehicles have stackable bonus cash and/or dealer cash ranging from $500 to $4,250.